Pag-IBIG Fund OKs loan payment moratorium

Published by rudy Date posted on October 8, 2009

MANILA, Philippines—Vice President Noli de Castro has announced a three-month moratorium on loan payments to the Home Development Mutual Fund, better known as Pag-IBIG Fund, as additional relief assistance for members whose homes were damaged by Tropical Storm “Ondoy” (international codename: Ketsana).

De Castro, chair of the Pag- Fund Fund board of trustees, said a new home rehabilitation window would also be opened to affected Pag-IBIG members.

The moratorium started on Sept. 26, 2009 and ends on Dec. 31, 2009.

Applications for the loan moratorium may be filed with the Pag-IBIG branch where a member took out a loan within 30 days from Oct. 5, 2009. –Jerome Aning, Philippine Daily Inquirer

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